The trend trade has worked as expected. We have now broken the lower channel and I can move the stop down per the weekly chart below.
Daily Chart:
Weekly Chart (with new stop):
Business Magazine
I have been talking about the bearish setup on the daily and weekly chart for USDJPY. Here is the link to the recent entry post. USDJPY Short Setup.
The trend trade has worked as expected. We have now broken the lower channel and I can move the stop down per the weekly chart below.
Daily Chart:
Weekly Chart (with new stop):
The trend trade has worked as expected. We have now broken the lower channel and I can move the stop down per the weekly chart below.
Daily Chart:
Weekly Chart (with new stop):
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